Assertion : SHG is a formal source of credit.
Reason : It helps the borrower to overcome the problem of lack of collateral.
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In which of the following systems exchange of goods is done without use of money?
Assertion : The rupee is widely accepted as a medium of exchange in India.
Reason: It is authorised by the government of the country.
Which one of the following lays norms and guidelines for other banks operating in the country ?
Banks.provide a higher rate of interest on which of the following accounts?
Assertion: The credit activities of the informal sector should be discouraged.
Reason: Getting a loan from a bank is much more difficult than taking a loan from the informal resources.
Assertion: The RBI supervises the functioning of formal sources loans in India.
Reason: RBI is authorised to issue currency notes.
Which of the following is True with reference to money
(i) It acts as medium of exchange.
(ii) It includes paper notes, coins and demand deposits
In India, .......................... issues currency notes on behalf of the Central Government
Percentage of formal sector in total credit in India in poor household is
Which of the following is not a feature of SHG ?
(i) They are controlled by the RBI.
(ii) The group charges no rate of interest from its members.
(iii) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.
(iv) Most of the important decisions regarding the savings and loan activities are taken by the group members.
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64 videos|445 docs|87 tests
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